Work in process, January 1 Direct materials SPLISH BROTHERS COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 Raw materials inventory, January 1 Raw materials purchases Total raw materials available for use Less: Raw materials inventory, December 31 Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total manufacturing overhead Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured 41900 148,800 190700 21,500 17,200 33,700 64,200 $169,200 115,100 $197,400 583600 76,000 $507,600